I recently downloaded Robinhood and deposited $50 to buy 3 stocks, with the intention of collecting dividends and just getting my foot in the door of investing. I've been monitoring my account everyday and my stock value fluctuates by a couple pennies every day, usually closing out a few pennies more valuable than the start of the day. Is the risk of owning stock worth the couple pennies i'll earn each day? I understand this may be the case because I only have $50 worth of stock, but I can't imagine getting any material gains until I have thousands invested in my portfolio.
EDIT: I'm getting a lot of suggestions to open a retirement account, which is good advice. However, I already have and contribute to a 401k so I'm looking to invest in other ways. I do intend to contribute $50 every week to my portfolio so I'm just at the beginning of this. The money I'm investing into my portfolio is disposable income i'd spend on food otherwise. I'm just getting discouraged because I don't have access to $50, and i'm only getting pennies back.
Submitted February 23, 2017 at 11:58AM by WeebleWobs http://ift.tt/2mpisSp
